Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.

Fair Value

XX.XX

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-11% Est. Return

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China's online grocery firm Dada Nexus Ltd is looking to increase the size of its U.S. initial public offering (IPO) by more than a quarter, people familiar with the matter said on Thursday, as investors brushed off concerns about the auditing standards of Chinese companies pursuing U.S. listings. Dada's stock market debut, due on Friday, is the latest U.S. IPO by a Chinese company to come after the COVID-19 pandemic rattled the stock market and further soured already tense relations between Washington and Beijing.

U.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq's recent decision to tighten listing rules for such players should be "a model" for all other exchanges around the world. It also adds to the growing list of flashpoints for two countries already at odds over issues such as trade, COVID-19 and Hong Kong. President Donald Trump issued a memorandum on Thursday calling for recommendations to be issued within 60 days to protect U.S. investors from what he said was China's failure to allow audits of U.S.-listed Chinese companies.

Regulators need to address transparency and accounting issues at companies based in foreign jurisdictions that are looking to go public through the U.S. markets, Nasdaq Inc Chief Executive Adena Friedman said on Thursday. Nasdaq recently proposed new restrictions on initial public offerings, which if approved by the U.S. Securities and Exchange Commission (SEC), would make it harder for some Chinese companies to debut on the Nasdaq. The new rules, which include greater scrutiny of the audit firms of overseas companies it lists, will help Nasdaq ensure those firms meet its standards, Friedman said at an industry conference held by Piper Sandler.

Nasdaq (NDAQ) announced today that its investment arm, Nasdaq Ventures, has taken a minority stake in the UK-based financial crime investigation automation company Caspian. In addition, Nasdaq’s Market Technology business has forged a partnership with Caspian to support the growth of the business within the Financial Crime business verticals.

Nasdaq Inc said it postponed Monday's planned reopening of its PHLX options trading floor in Philadelphia, which had been closed because of the coronavirus pandemic, due to the demonstrations over the death of a black man, George Floyd, in police custody. "As the current situation with demonstrations in the city of Philadelphia has escalated significantly, Nasdaq has decided to postpone the reopening of the PHLX Trading Floor, which was scheduled for Monday, June 1, 2020," the exchange operator said in an alert to traders. Nasdaq said it would revisit the decision on a daily basis.

World stocks hovered near three-month highs and the dollar was flat on Monday as optimism over economies opening up again boosted risk appetite, despite worries over mass protests in the United States and unease over Washington's standoff with Beijing. Investors were also relieved that President Donald Trump left a trade deal with China intact despite moving to end Washington's special treatment for Hong Kong in retaliation for Beijing seeking to impose new security legislation on the city. China has asked state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, following Washington's move over Hong Kong.

Nasdaq Inc said it postponed Monday's planned reopening of its PHLX options trading floor in Philadelphia, which had been closed because of the coronavirus pandemic, due to the demonstrations over the death of a black man, George Floyd, in police custody. "As the current situation with demonstrations in the city of Philadelphia has escalated significantly, Nasdaq has decided to postpone the reopening of the PHLX Trading Floor, which was scheduled for Monday, June 1, 2020," the exchange operator said in an alert to traders.

ZoomInfo Technologies Inc expects to raise up to $801 million in its U.S. initial public offering (IPO), as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold for a couple of months. ZoomInfo follows Warner Music Group, which said on Tuesday it was aiming to sell up to $1.82 billion in stock in its U.S. IPO, potentially the largest New York listing so far in 2020.

Aphria (NYSE: APHA) will no longer be traded through that most classic of American financial institutions, the New York Stock Exchange (NYSE). On Tuesday, the company announced that its shares will move to the Nasdaq (NASDAQ: NDAQ), beginning at market open on Monday, June 8. The stock will retain its current ticker symbol of APHA.

Chinese delivery firm Dada Nexus Ltd will launch the investor roadshow for its U.S. initial public offering as early as Wednesday, according to people familiar with the matter, braving tensions between Washington and Beijing over Chinese companies pursuing their stock market debut in New York. The U.S. Senate passed legislation last week that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they follow standards for U.S. audits and regulations. Shanghai-based Dada is backed by Chinese e-commerce firm JD.com and U.S. retail giant Walmart Inc.

Burning Rock Biotech on Friday filed for a U.S. initial public offering (IPO), making it the latest Chinese firm to opt for an American listing amid tighter rules by lawmakers. In a filing, the company said it intends to list its American Depository Shares on Nasdaq under the symbol 'BNR'. China's Luckin Coffee Inc said on Tuesday Nasdaq had notified the company of plans to delist it from the exchange, a month after it disclosed that some employees had fabricated sales accounts.